SK JapanSK JAPAN CO., LTD.7608東証スタンダード卸売業FY ending Feb 2026, consolidated, J-GAAP

SK Japan revenue and profit

Out of every ¥100 of sales, about ¥12 is left as operating profit. Revenue changed +22.3% from the prior year, operating profit +51.3%.

Five-year trend

Revenue¥16.2B
FY ending Feb 2022: ¥6.5B¥6.5BFY ending Feb 2023: ¥9.73B¥9.73BFY ending Feb 2024: ¥10.6B¥10.6BFY ending Feb 2025: ¥13.3B¥13.3BFY ending Feb 2026: ¥16.2B¥16.2BFY22FY23FY24FY25FY26
Operating income¥1.86B
FY ending Feb 2022: ¥454.8M¥454.8MFY ending Feb 2023: ¥577.4M¥577.4MFY ending Feb 2024: ¥992.3M¥992.3MFY ending Feb 2025: ¥1.23B¥1.23BFY ending Feb 2026: ¥1.86B¥1.86BFY22FY23FY24FY25FY26
Operating margin11.5%
FY ending Feb 2022: 7.0%7.0%FY ending Feb 2023: 5.9%5.9%FY ending Feb 2024: 9.4%9.4%FY ending Feb 2025: 9.3%9.3%FY ending Feb 2026: 11.5%11.5%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin8.2%
Asset turnover2.12×
ROA17.4%
ROA17.4%
Financial leverage1.28×
ROE22.2%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin8.2%
2022: 5.1%5.1%2023: 3.9%3.9%2024: 7.1%7.1%2025: 7.0%7.0%2026: 8.2%8.2%2223242526
Asset turnover2.12×
2022: 1.50×1.50×2023: 2.12×2.12×2024: 1.96×1.96×2025: 2.08×2.08×2026: 2.12×2.12×2223242526
ROA17.4%
2022: 7.7%7.7%2023: 8.3%8.3%2024: 14.0%14.0%2025: 14.6%14.6%2026: 17.4%17.4%2223242526
Financial leverage1.28×
2022: 1.17×1.17×2023: 1.19×1.19×2024: 1.25×1.25×2025: 1.26×1.26×2026: 1.28×1.28×2223242526
ROE22.2%
2022: 9.0%9.0%2023: 9.9%9.9%2024: 17.5%17.5%2025: 18.3%18.3%2026: 22.2%22.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.1%1.50×7.7%1.17×9.0%
20233.9%2.12×8.3%1.19×9.9%
20247.1%1.96×14.0%1.25×17.5%
20257.0%2.08×14.6%1.26×18.3%
20268.2%2.12×17.4%1.28×22.2%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue1.1%
2021: 0.4%0.4%2022: 0.3%0.3%2023: 0.3%0.3%2024: 0.5%0.5%2025: 1.1%1.1%2026: 1.1%1.1%212223242526
PPE ÷ total assets2.0%
2021: 0.6%0.6%2022: 0.5%0.5%2023: 0.7%0.7%2024: 1.0%1.0%2025: 2.2%2.2%2026: 2.0%2.0%212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

Receivable days46d
2021: 41d41d2022: 39d39d2023: 40d40d2024: 42d42d2025: 40d40d2026: 46d46d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue6,4999,73110,61313,27516,233
Cost of revenue4,5177,4077,6619,69711,705
Gross profit1,9822,3252,9523,5784,527
SG&A1,5271,7471,9592,3492,667
Operating income4555779921,2291,860
Pretax income4725491,0741,2611,883
Income tax137170318332549
Net income attributable to owners3343797569291,334
Operating margin7.0%5.9%9.4%9.3%11.5%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 49%
Receivables 24%
2%
1%
2%
Other assets 22%

Funding

Other liabilities 22%
Equity 78%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥2.79B¥2.57B¥3.41B¥3.78B¥4.18B
Total assets¥4.33B¥4.84B¥5.98B¥6.77B¥8.54B
Net assets¥3.74B¥4.05B¥4.76B¥5.58B¥6.66B
Share capital¥462M¥462M¥462M¥462M¥462M
Trade receivables¥687.1M¥1.06B¥1.23B¥1.45B¥2.06B
Property, plant and equipment¥19.7M¥33.2M¥57.5M¥150.3M¥171.8M
Intangible assets excluding goodwill¥29.7M¥18.2M¥7.2M¥4.7M¥66.7M
Investment securities¥73.7M¥106.6M¥132.8M¥161.5M¥165M
Current assets¥4.06B¥4.62B¥5.63B¥6.33B¥7.98B
Current liabilities¥551M¥712.5M¥1.18B¥1.11B¥1.76B
Total liabilities¥596.2M¥789.1M¥1.22B¥1.2B¥1.88B
Equity attributable to owners of parent¥3.7B¥3.99B¥4.67B¥5.47B¥6.53B
Retained earnings¥2.85B¥3.14B¥3.79B¥4.55B¥5.59B
Treasury stock-¥110.5M-¥102.5M-¥80.1M-¥54.1M-¥46.3M

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    訂正有価証券報告書-第37期(2025/03/01-2026/02/28)

    ID S100YA1Z2026-06-10Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第36期(2024/03/01-2025/02/28)

    ID S100W9MC2025-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第35期(2023/03/01-2024/02/29)

    ID S100TJDA2024-05-31Open
  • EDINET (FSA Japan)

    有価証券報告書-第34期(2022/03/01-2023/02/28)

    ID S100QV792023-05-31Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第33期(令和3年3月1日-令和4年2月28日)

    ID S100ORJ52022-07-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第32期(令和2年3月1日-令和3年2月28日)

    ID S100LFRS2021-05-31Open

Extracted from XBRL: 46 / Derived from other figures: 1

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